International Assets Investment Management LLC Makes New Investment in Eldorado Gold Co. (NYSE:EGO)

International Assets Investment Management LLC acquired a new position in shares of Eldorado Gold Co. (NYSE:EGO) (TSE:ELD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,703 shares of the basic materials company’s stock, valued at approximately $394,000.

Several other large investors have also recently added to or reduced their stakes in the company. Tobam grew its stake in Eldorado Gold by 14.8% during the second quarter. Tobam now owns 5,036 shares of the basic materials company’s stock worth $74,000 after buying an additional 651 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Eldorado Gold by 232.8% during the third quarter. Blue Trust Inc. now owns 1,910 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 1,336 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Eldorado Gold by 4.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 45,980 shares of the basic materials company’s stock worth $679,000 after purchasing an additional 1,858 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Eldorado Gold by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 169,435 shares of the basic materials company’s stock worth $2,499,000 after purchasing an additional 2,472 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Eldorado Gold by 30.8% during the second quarter. XTX Topco Ltd now owns 16,450 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 3,876 shares in the last quarter. 69.58% of the stock is owned by institutional investors.

Eldorado Gold Trading Down 1.3 %

Shares of NYSE EGO opened at $16.20 on Thursday. The company’s 50 day simple moving average is $17.37 and its 200 day simple moving average is $16.37. Eldorado Gold Co. has a fifty-two week low of $9.72 and a fifty-two week high of $19.06. The firm has a market capitalization of $3.32 billion, a P/E ratio of 12.25 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.37 and a quick ratio of 2.54.

Eldorado Gold (NYSE:EGO) (TSE:ELD) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.02. The business had revenue of $331.76 million for the quarter. Eldorado Gold had a net margin of 23.16% and a return on equity of 6.67%. During the same quarter in the prior year, the company earned $0.17 earnings per share. On average, analysts predict that Eldorado Gold Co. will post 1.45 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EGO. TD Securities reduced their target price on shares of Eldorado Gold from $20.00 to $19.00 and set a “hold” rating on the stock in a research report on Monday. Scotiabank upped their target price on shares of Eldorado Gold from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, August 19th. Royal Bank of Canada upped their target price on shares of Eldorado Gold from $20.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, CIBC upped their target price on shares of Eldorado Gold from $18.00 to $22.50 and gave the stock an “outperformer” rating in a research report on Wednesday, July 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.88.

Eldorado Gold Company Profile

Eldorado Gold Corporation, together with its subsidiaries, engages in the mining, exploration, development, and sale of mineral products primarily in Turkey, Canada, Greece, and Romania. The company primarily produces gold, as well as silver, lead, and zinc. It holds a 100% interest in the Kisladag and Efemçukuru mines located in Turkey; Lamaque complex located in Canada; and Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines located in Greece, as well as the 80.5% interest in Certej development projects located in Romania.